5 Most Successful Penny Stocks That Made It Big

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 252

Share Price Gain To Date: 133,966%

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer that also operates in the cloud computing, consumer electronics, and satellite internet industries. The firm is headquartered in Seattle, Washington, the United States.

Amazon.com, Inc. (NASDAQ:AMZN) is the company that has made its founder Mr. Jefferey Bezos one of the richest men in the world. The firm’s shares were listed at $18 on the NASDAQ exchange, and since then, they have undergone four stock splits, for a cumulative 27 to 1 split, which brings their IPO price to just $0.075. Since then, the stock has popped by an unbelievable 133,966%!

The growth of its platform has presented Amazon.com, Inc. (NASDAQ:AMZN) with unique problems, and the company is currently undertaking legal action against fake review brokers in Italy. By the end of this year’s second quarter, 252 out of the 895 hedge funds part of Insider Monkey had invested in the company.

Out of these, Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest shareholder through a $5.1 billion stake that comes courtesy of 48 million shares.

Disclosure: None. You can also take a look at 12 Best Ethical Stocks To Buy Now and 10 Best Stocks to Buy According to Billionaire Dan Loeb.

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